Score of 98.67/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2025 - 31 Mar 2026 | 27 Apr 2026 | 13 | 93% | 7% | 0% | 7% |
| 01 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 12 | 98% | 2% | 0% | 3% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 10 | 99% | 1% | 0% | 4% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 19 | 87% | 11% | 2% | 15% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 18 | 85% | 14% | 1% | 20% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 17 | 88% | 11% | 1% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For non-financial products and services provided by third-parties to TML, TML operates pursuant to such third-parties’ terms rather than its own. In general, TML engages with third-parties pursuant to the following terms: a) a payment period of 30 days from date of invoice; b) payment of interest at a rate set out in the third-party agreement for any late payment; and c) agreement governed by English law and subject to the exclusive jurisdiction of English courts. For non-financial services and products provided by TML to a third-party, a payment period of 30 days from the date of the invoice is set out on the invoice unless such other payment period is otherwise agreed between TML and such third-party.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
For non-financial products and services provided by third-parties to TML, TML operates pursuant to such third-parties’ terms rather than its own. In general, such terms do not set out a distinct procedure for disputes relating to payments. In the instance an invoiced amount needs to be disputed, TML will make best effort to attempt to resolve the issue by discussion and negotiation with the relevant third-party in the first instance. For non-financial products and services provided by TML to a third-party, any questions and/or disputes should be raised by such third-party to its relevant contact person at TML managing their relationship. Any questions and/or disputes will then be escalated internally where necessary. Disputes would generally be governed by English law and be subject to the exclusive jurisdiction of the English courts.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Triland Metals Limited, registered in England and Wales and based in London, is a subsidiary of Mitsubishi Corporation. The company describes itself as specialists in base, precious and ferrous derivatives trading, offering services such as warrants, tripartite financing and post-trade services related to metals markets. It operates from offices in London, Tokyo, Singapore, Dubai and New York and is authorised and regulated by the Financial Conduct Authority. Rather than producing or physically moving metals, the business focuses on financial trading and related services connected to metal markets, acting as part of the wider Mitsubishi Corporation group's metals trading operations.
Generated from the company's website and Companies House records. Sources: triland.com · triland.com